Summary by Futu AI
On 14 March 2024, China Goldstone Mining Holdings Limited (stock code: 1380) received the exchange notice issued by AOF VCC to exercise the exchange option to convert the first batch of HK$1,500,000 notes into shares. The conversion price is HK$0.1653 per share, below 90% of the market price. The conversion resulted in the issuance and issuance of 9,074,410 shares of common stock to AOF VCC on March 15, 2024. After the conversion, the issued share capital of the company increased to 195,277,761 shares, of which approximately 4.65% of the share capital issued after the new expansion was exchanged. Before the conversion, Mr. Zheng Wing Fui's shareholding decreased from 24.82% to 22.13%, and AOF VCC entered the shareholder list with a shareholding ratio of 4.65%. Other shareholders' equity decreased from 81.68% to 73.22%. This conversion of shares is made pursuant to the terms of issue of convertible notes as set forth in the Company's Circular of 27 November 2023 and Announcement of 28 December 2023.